The unemployment rate last month rose 0.01 percentage points to 3.79 percent, as the number of first-time jobseekers rose during the graduation season, while fewer people lost jobs to business downsizing and closures, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday.
The unfavorable effects of this year’s graduation season have been softer than previous years and should disappear this month, the statistics agency said.
The unemployment rate after seasonal adjustments fell 0.01 percentage points to 3.67 percent, affirming a positive turn, DGBAS Census Department Deputy Director Chen Hui-hsin (陳惠欣) said.
The unemployed population rose by 1,000 from a month earlier to 449,000, the agency’s monthly survey showed, while the number of first-time jobseekers rose by 5,000 and people who lost their jobs to business downsizing and closures declined at the same pace.
The unemployment rate rose 0.11 percentage points from May to last month, lower than the average of 0.13 to 0.23 percentage points in the previous five years, Chen said.
The reading tends to drop in September, she added.
The number of people who worked fewer than 35 hours a week was 279,000 last month, noticeably slowing from 290,000 in May and June when virus infections spiked, Chen said.
However, the number was 180,000 to 220,000 prior to the COVID-19 pandemic, suggesting the negative effects of virus outbreaks still linger, she said.
People with college degrees had the highest unemployment rate of 5.5 percent, followed by people with high school education at 3.41 percent, people with graduate diplomas at 2.81 percent and people with junior-high school education at 2.56 percent, the DGBAS found.
People aged 20 to 24 constituted the largest unemployed population at 13.06 percent, followed by the 15-to-19 age bracket at 8.9 percent, the 25-to-29 age group at 6.18 percent and the 30-to-34 age bracket at 3.89 percent, it said.
The unemployment period last month averaged 21 weeks, up 0.6 weeks from a month earlier, it said.
AI TREND: TSMC has been rapidly expanding capacity to meet a spike in demand for advanced packaging services, but still expects supplies to be tight for 18 months Arizona is in talks with Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) about advanced chip packaging, state Governor Katie Hobbs said yesterday, which is crucial for the manufacturing of artificial intelligence (AI) chips. TSMC, which is building a US$40 billion chip factory in the US state, has not announced plans to build facilities for advanced chip packaging in the US. Advanced packaging processes stitch multiple chips together into a single device, lowering the added cost of more powerful computing. “Part of our efforts at building the semiconductor ecosystem is focusing on advanced packaging, so we have several things in the works around that
NXP Semiconductors NV expects its first automotive-grade 5-nanometer chip built by Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) to become available for automakers within one-and-a-half years at the earliest, following demand for better computing performance and energy efficiency for connected vehicles, a company executive said yesterday. That would mean a significant upgrade from the 16-nanometer technology NXP adopted in its existing series of microprocessors. NXP chief technology executive Lars Reger made the remarks during a media briefing yesterday in Taipei. The latest updates came after NXP unveiled its plan to source 5-nanometer capacity from TSMC in 2021. This is Reger’s first trip to
Tailwinds: Blockbuster earnings at Nvidia Corp have sparked hopes of a tech sector boom; Taiwanese chipmakers are hopeful benefits will come to them too The worst could be over for the New Taiwan dollar as China’s economic recovery and a rebound in the chip industry will support the beleaguered currency, analysts said. The NT dollar is on course to weaken for a sixth month, the longest stretch since 2006, after foreign funds turned sour on its technology sector and risk sentiment deteriorated on slower growth in China. The tide seems to be turning now on nascent signs of stabilization in China’s economy — its biggest trading partner — following policy boosts. The yuan emerged as the best-performing Asian currency last week, followed by the Japanese yen
The European Commission’s digital chief yesterday said that murky Chinese laws were fueling concerns among foreign firms in the country, following discussions with Beijing officials about critical areas such as artificial intelligence (AI) and data governance. Vera Jourova, who is also the commission’s vice president, made the comments after meeting on Monday with Chinese counterparts including Vice Premier Zhang Guoqing (張國清) in the second “High-level Digital Dialogue” between the two sides. Among the concerns Jourova said she had heard about from European businesses in China was the “unpredictability of the decisions and interpretation of the laws by the regulators.” Beijing has recently implemented